Chill Brands Group (LSE:CHLL) Inventory Turnover : 0.15 (As of Sep. 2023)

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What is Chill Brands Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Chill Brands Group's Cost of Goods Sold for the six months ended in Sep. 2023 was £0.08 Mil. Chill Brands Group's Average Total Inventories for the quarter that ended in Sep. 2023 was £0.54 Mil. Chill Brands Group's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chill Brands Group's Days Inventory for the six months ended in Sep. 2023 was 1,208.51.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Chill Brands Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 6.54.

Chill Brands Group Inventory Turnover Historical Data

The historical data trend for Chill Brands Group's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Chill Brands Group Inventory Turnover Chart

Chill Brands Group Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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0.05

0.30

1.50

0.53

Chill Brands Group Semi-Annual Data
	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial												0.66	0.76	0.07	0.39	0.15

Chill Brands Group Inventory Turnover Calculation

Chill Brands Group's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	0.29	/ (	(0.636	+	0.464)	/	2 )
=	0.29	/	0.55
=	0.53

Chill Brands Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	0.082	/ (	(0.464	+	0.622)	/	2 )
=	0.082	/	0.543
=	0.15

Chill Brands Group (LSE:CHLL) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Chill Brands Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0.543	/	0.082	*	365 / 2
	=	1,208.51

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Chill Brands Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0.543	/	0.083
	=	6.54

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Chill Brands Group Inventory Turnover Related Terms

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Chill Brands Group (LSE:CHLL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Chill Brands Group PLC (LSE:CHLL) » Definitions » Inventory Turnover

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CHBRF:USA 7HR:Germany

Address

1601 Riverfront Drive, Suite 201, Grand Junction, CO, USA, 81501

Website

https://www.chillbrandsgroup.com

Chill Brands Group PLC is engaged in the development, production, and distribution of CBD and lifestyle products. The CBD business sells wellness products in the United States and the United Kingdom under two brands Zoetic and Chill ranges. The chill brand is a tobacco alternative selling smokables and chew pouches. It generates revenue from the sale of CBD products. Geographically, group's revenue is generated in the United States.

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